Janneth Del Socorro

Janneth del Socorro R. S. is 34 years old and a widow. She has three children. Fernando Salvador R. is 18 years old and in his first year of university, earning a degree in hotel administration and hospitality. Karen Vanesa is 16 years old and in her third year of high school. Stacy Janeth Lopez R. is 13 years old and in her first year of high school.

Janeth would like to finish her beauty school so that she can educate children from low-income families. The business that Janeth now manages is located on Rigoberto Lopez Perez, Radio Morena 1 1/2c. and offers technical classes in cosmetology and hair styling. Janneth has 15 years of experience as a stylist and 4 years as an instructor. She started this business because there were no beauty academies in her area and the organizations that did offer beauty instruction were not accredited. Janneth would like to use a loan to improve her establishment and pay more attention to her clients. Janneth says that all of her loans have benefited her, including helping her sell products like straighteners, dyes, perms, and manicures.

Additional Information

Fundación Leon 2000

This loan is administered by Fundación Leon 2000. Fundación Leon 2000 began operations in 1993 as the first microfinance institution to serve the western part of Nicaragua, a country which continues to be one of the poorest in the western hemisphere. Fundación Leon 2000 works to further the development of micro, small, and medium enterprises through credit services and management, applying the best credit industry practices and technical expertise. Additionally, Fundación Leon manages several business and financial education programs in the community, specifically for young entrepreneurs and at-risk youth. Fundación Leon 2000’s group of experienced and dedicated employees works in 7 offices in Leon, Chinandega, Chichigalpa, Somotillo, Jinotepe, El Sauce, and Nagarote and serves several thousand clients (the majority of whom are women).